When you are ready to home stage and sell your home, you have to take the time to research all of the potential problems in advance so that you are ready to face them. The only thing worse than dealing with a home selling problem is not seeing it coming. This blog is intended to introduce you to the number of costly mistakes that can be made in the home selling process. Take the time to think about how YOU would handle each of these situations.
Mistake #1: Setting an Unrealistic Price
When buyers have a lot of options, they don’t have to buy what you’re selling. When you are ready to determine your asking price, it’s important to remember that fact. Yes, you want to take into account how much you actually paid for the house and the cost of the remodel, if any, but that doesn’t directly correlate to what someone else is going to pay for the house. The biggest factor is going to be the market. What else is out there? You have your supply and you have your demand; it’s simple economics.
If you have to sell in a market with a lot of supply and not a lot of demand, you better not set your expectations too high. At the end of the day, if your home is priced too high, most buyers won’t give it a second thought.
You don’t want to discourage interested parties from making an offer. Even when there is low inventory like there is right now February 2021 in Phoenix Arizona, if you set your price to high people still won’t look and if you drop your price dramatically or several times it could make buyers question if there is something wrong with the house, or make you seem desperate.
Discover more home selling mistakes here: https://gqstagingandinteriors.com/top-3-home-selling-mistakes-in-phoenix-az/
